Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

The Eagle Ford and Utica both added a rig apiece this week while several other basins cut rigs.

The Permian, which accounts for more than half of the nation’s oil rigs, cut three rigs this week, as did the Williston. The Arkoma Woodford, Granite Wash, Haynesville, Marcellus and Mississippian all dropped an oil rig apiece this week.

The overall rig count total for this week is 1,071, higher than one year ago when the count was 930.

Huawei CFO, Meng, was supposed to transit at Canada en route to Mexico to meet with Professor Zhang Shoucheng. Prof Zhang was an expert in quantum computing and he was supposed to pass the newly developed 5G quantum computing chip to CFO Meng.

However, CFO Meng was arrested in transit at Canada out of a sudden and Prof Zhang committed suicide thereafter. There could be a foul play in his suicide.

Coincidentally, a semiconductor equipment manufacturer, ASML, couldn't deliver its semiconductor equipment to China due to a fire at its supplier. This fire will cause a huge delay in delivery for ASML's China customer (maybe it is Huawei).

Simultaneously, CFO Meng's house was broken into during her arrest. This was no ordinary burglary because someone was looking for something specific which was most likely information on Huawei 5G and the newly developed 5G quantum chip. This 5G quantum chip will revolutionize the world and improve China's military power by leaps and bounds.

China suspected that FBI was behind this whole episode and the intention was to sabotage China's 5G technology progress.

Huawei has the most advanced and matured 5G technology in this world with the most patents. Furthermore, Huawei 5G has been deployed in some China provinces whereas the US has just announced its 5G bidding.

Therefore, China won't forgive Canada for helping the US and FBI to contain China 5G developments.

This guy has lost a lot in crypto and is crying foul now because his price target of US$25,000 for 2018 will never be reached in 2018 and beyond.

When a crypto has structural design flaws and bad economics, it won't take off no matter how you try to portray it.

Bitcoin proponents have tried to use the principles of demand and supply to lure investors into buying bitcoins when they don't truly understand the economics. When the prices crash, they know that demand-supply principles cannot work anymore. Thus, these proponents move on to talk up the crypto by giving the false hope that financial institutions will be rushing into the crypto industry in the foreseeable future.

The true facts are people are abandoning cryptos as they get more educated about them and financial institutions also won't get involved in crypto investments except to offer trading platforms to earn the trading commissions. Financial institutions prefer to develop their own private blockchains than to use the public blockchains.

National security is becoming a common theme right now in a lot of countries. The US can impose punitive tariffs and sanctions based on national security. The US also can get another country (Canada) to arrest a transit passenger because of national security issues.

I don't see why China cannot arrest 2 Canadians based on national security too.

Great job, China! At least you've learnt the American way in international politics.

Stockbank LLP

A pundit of the third realm, a sapient, unflappable and nonpareil homosapien, with monumental fortitude and tremendous tenacity, one who has been through the vicissitudes of life, and has mastered great dexterity and virtuosity to discern between verisimilitude and actual reality.